Sayat-Nova 19/1 in Yerevan

Name: Sales in Sayat-Nova 19/1 started!
Start: 2022-08-11T07:31:12.341478+00:00
End: 2023-12-31T23:59:59+0000
Location: Sayat-Nova 19/1

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Project info

Object ID: 21659

Finished at	May 2021
Price, m²	From 1800$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 95.00 m²
Floors	22
Apartments	102
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Underground parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

171,000$

Net profit

9,376$

Payback period

14.5 years

Avg property value increase per year

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About the project

Sayat-Nova Avenue is one of the favorite places for residents and guests of the capital. This long and wide avenue attracts attention with a combination of old and new styles of urban planning: the building of the State Opera and Ballet Theatre, the Katoghike Church, the Ani Plaza Hotel. Abovyan Street, connecting Republic Square with Abovyan Square, is the very center of Yerevan, a favorite place for walking and shopping.

The new building of Elite Group rises right at the intersection of Sayat-Nova Avenue and Abovyan Street. This project stands out from the rest with unusual architectural solutions, a mixture of styles and modern finishes.